$599,000
Portland, PA 18351
MLS# PM-140888
5500 sqft
1 / 39
Property Description
Stunning turnkey investment property in Historic Portland. This beautifully maintained property offers breathtaking views of the Delaware River and walking bridge from Second fl. With all units currently rented, this income producing building features 5 units in total. 3 one bedroom apartments upstairs, a two bedroom unit on first floor and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term well-established. Recent upgrades include new electrical panel boxes installed in the 3 second floor units new flooring in hall. new electric service at meter box sewer pipes in basement converted to PVC, Upgraded lighting in 2nd fl hallway, installed emergency lighting and illuminated exit signs, installed missing GFCI outlets, installed handrail on fron steps and guard rails on rear and besement steps, . Additional unit 2A was fully remodeled in 2022 and Unit 2C was remodeled as well. This property provided an excellent opportunity to add a lucrative asset to your portfolio with solid passive income and potential for growth. Property also has been approved for a facade improvement grant which may be transferred to new owner.
Details
Maps
Contract Information
Property Attached YN: No
Listing Service: Full Service
Property Sub Type: Multi Family
List Price: $599,000
Current Price: $599,000
Status: Active
Listing Contract Date: 2026-04-30
Location, Tax, and Legal
Parcel Number: B11SE3C6-14
Municipality: Upper Nazareth Township
County Tax Amount: 474.12
Municipal Tax Amount: 1009.7
School Tax Amount: 2519.86
Tax Annual Amount: 4003.68
Tax Assessed Value: 43900
Tax Book Number: 2025-1/45333
Zoning Description: Commercial
General Property Information
Bathrooms Half: 1
Above Grade Finished Area: 4500
Below Grade Finished Area: 0
Building Area Source: Public Records
Stories: 3
Number Of Buildings: 1
Year Built Source: Public Records
Basement YN: Yes
Pool Private YN: No
Garage YN: No
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 0
Lot Size Acres: 0.081
Water Body Access YN: No
Association YN: No
List Price/SqFt: 108.91
Bathrooms Full: 4
Building Area Total: 5500
Year Built: 1900
Currently Not Used
Number Of Units Total: 5
Remarks and Miscellaneous
Public Remarks: Stunning turnkey investment property in Historic Portland. This beautifully maintained property offers breathtaking views of the Delaware River and walking bridge from Second fl. With all units currently rented, this income producing building features 5 units in total. 3 one bedroom apartments upstairs, a two bedroom unit on first floor and a commercial storefront occupied by a popular chocolate shop. All tenants are long-term well-established. Recent upgrades include new electrical panel boxes installed in the 3 second floor units new flooring in hall. new electric service at meter box sewer pipes in basement converted to PVC, Upgraded lighting in 2nd fl hallway, installed emergency lighting and illuminated exit signs, installed missing GFCI outlets, installed handrail on fron steps and guard rails on rear and besement steps, . Additional unit 2A was fully remodeled in 2022 and Unit 2C was remodeled as well. This property provided an excellent opportunity to add a lucrative asset to your portfolio with solid passive income and potential for growth. Property also has been approved for a facade improvement grant which may be transferred to new owner.
Income and Expenses
Gross Income: 58200
Net Operating Income: 43342
Operating Expense: 14858
Special Listing Conditions
Standard: 1
Listing Terms
Cash: 1
Conventional: 1
Owner Pays
Water: 1
Sewer: 1
Insurance: 1
Taxes: 1
Trash Collection: 1
Tenant Pays
Electricity: 1
Telephone: 1
Cable TV: 1
Oil, Gas and Mineral Rights
Property Subject To Lease: No
Unit 1
Unit #: 1A
Occupied YN: Yes
Actual Rent: 1100
SqFt Total: 1000
Rooms Total: 4
Beds Total: 2
Baths Total: 1
Kitchen YN: Yes
Dining Room YN: No
Living Room YN: Yes
Unit 2
Unit #: 1B
Occupied YN: Yes
Actual Rent: 500
SqFt Total: 1550
Rooms Total: 4
Baths Total: 1
Kitchen YN: No
Dining Room YN: No
Living Room YN: No
Unit 3
Unit #: 2A
Occupied YN: Yes
Actual Rent: 1150
SqFt Total: 650
Rooms Total: 4
Beds Total: 1
Baths Total: 1
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes
Unit 4
Unit #: 2B
Occupied YN: Yes
Actual Rent: 900
SqFt Total: 650
Rooms Total: 4
Beds Total: 1
Baths Total: 1
Kitchen YN: Yes
Dining Room YN: Yes
Living Room YN: Yes
Unit 5
Unit #: 2C
Occupied YN: Yes
Actual Rent: 1200
SqFt Total: 650
Rooms Total: 4
Beds Total: 1
Baths Total: 1
Kitchen YN: Yes
Dining Room YN: No
Living Room YN: Yes
Location Tax and Legal
County: Northampton
Street Number: 507
Street Name: Delaware
Street Suffix: Avenue
City (Post Office): Portland
State: PA
Postal Code: 18351
Subdivision Name: None
Property Features
Special Listing Conditions: Standard
Listing Terms: Cash; Conventional
Owner Pays: Water; Sewer; Insurance; Taxes; Trash Collection
Tenant Pays: Electricity; Telephone; Cable TV
Listing Office: Realty Solutions of PA
Last Updated: May - 01 - 2026
Information deemed reliable but not guaranteed.